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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenues, net of discounts, returns and allowances      
Sales of ores and metals $ 41,730 $ 55,156 $ 41,158
Aluminum products   383 2,554
Revenues from logistic services 1,644 1,726 1,465
Fertilizer products 3,777 3,547 1,845
Others 1,602 1,533 1,195
Revenues before taxes 48,753 62,345 48,217
Taxes on revenues (1,059) (1,399) (1,188)
Net operating revenues 47,694 60,946 47,029
Operating costs and expenses      
Cost of ores and metals sold (20,581) (19,854) (15,062)
Cost of aluminum products   (289) (2,108)
Cost of logistic services (1,399) (1,402) (1,040)
Cost of fertilizer products (2,984) (2,701) (1,556)
Others (1,627) (1,283) (784)
Total costs (26,591) (25,529) (20,550)
Selling and administrative expenses (2,240) (2,334) (1,701)
Research and development expenses (1,478) (1,674) (878)
Impairment on assets (4,023)    
Gain (loss) on sale of assets (491) 1,513  
Others (3,648) (2,810) (2,205)
Total costs and expenses (38,471) (30,834) (25,334)
Operating income 9,223 30,112 21,695
Non-operating income (expenses)      
Financial income 401 718 290
Financial expenses (2,414) (2,465) (2,646)
Gains (losses) on derivatives, net (120) 75 631
Foreign exchange gains (losses), net (1,915) (1,382) 102
Indexation gains (losses), net 247 (259) 242
Total non-operating income (expenses) (3,801) (3,313) (1,381)
Income before discontinued operations, income taxes and equity results 5,422 26,799 20,314
Income taxes      
Current (2,529) (5,547) (4,996)
Deferred      
In the year 799 265 1,291
On impairment 1,327    
Reversal of liabilities (Note 5b.) 1,236    
Income taxes per consolidated statements of income 833 (5,282) (3,705)
Equity in results of affiliates, joint ventures and other investments 640 1,135 987
Impairment on investments (1,641)    
Net income (loss) from continuing operations 5,254 22,652 17,596
Discontinued operations, net of tax     (143)
Net income 5,254 22,652 17,453
Net income (loss) attributable to noncontrolling interests (257) (233) 189
Net income attributable to the Company's stockholders $ 5,511 $ 22,885 $ 17,264
Earnings per share attributable to Company's stockholders:      
Earnings per preferred share (in dollars per share) $ 1.07 $ 4.33 $ 3.23
Earnings per common share (in dollars per share) $ 1.07 $ 4.33 $ 3.23
Earnings per convertible note linked to preferred share (in dollars per share)   $ 6.39 $ 4.76
Earnings per convertible note linked to common share (in dollars per share)   $ 8.15 $ 6.52